Are you ready to make an impact with your investments? You may have heard of SRI, socially responsible investing and ESG, Environmental, Social, and Governance, but do you know what they actually mean? Or what they could mean for your investments?
In today’s episode of Financial Clarity for Doctors, Corey and Rachelle speak with Finity Group’s very own Japie Steyn, Investment Coordinator, who has earned the credentials and designation of CSRIC (the first major financial credential dedicated to specifically to socially responsible investing). Join us today as we try to help you better understand how you can help your investment dollars make an impact for good.
From this episode, you’ll walk away with a better understanding of SRI, ESG, and the resources you have at your disposal to put your money into companies that share values vital to you. You’ll also get a better understanding of some common misconceptions about the practice.
To get you started, here is a bit more background on SRI and ESG. For further reading on the subject, check out our blog put on impact investing found here.
SRI: Socially Responsible Investing. Meaning, investments are screened using social, ethical, or environmental criteria, and information gets used to make investment decisions. SRI also includes shareholder activism and community economic development. Most of us think of SRI as excluding companies involved in companies that produce things like guns, tobacco, and alcohol. It also means including companies who are working towards sustainability, social justice, or ethical conduct objectives.
ESG: ESG or ESG integration stands for Environmental, Social, and Governance. Companies get screened, and the ESG data is used by financial analysts who rate the companies, including or excluding them from the investment portfolios.
For more financial planning tips from Corey and Rachelle find them on LinkedIn: @CoreyJanoff and @RachelleVanderzanden; Instagram: @CoreyJanoff and @VanderzandenRachelle; and Twitter: @CoreyJanoffCFP and @RachelleFinance
Discussions in this show should not be construed as specific recommendations, legal, or investment advice. Always consult with your investment professional before making important investment decisions. Advisory services through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Securities offered through Cambridge Investment Research, Inc., a registered Broker/Dealer, Member FINRA/SIPC. Finity Group and Cambridge are not affiliated.